Business in Singapore - Islamabad

NEW YEAR, NEW START, NEW VENTURE.
SCHEME & INCENTIVES FOR BUSINESSES IN SINGAPORE


Tax Incentive Schemes

For Start-ups, as low as 0% for first 3 years

Enhancement and Extension of the Temporary Employment Credit (TEC)

In 2015, employers will receive an offset of 1% of wages for Singaporean and Permanent Resident workers up to the CPF salary ceiling of $5,000*.

In 2016, employers will receive an offset of 1% of wages for Singaporean and Permanent Resident workers up to the CPF salary ceiling of $6,000.

In 2017, employers will receive an offset of 0.5% of wages for Singaporean and Permanent Resident workers up to the CPF salary ceiling of $6,000.

Enhancements to the Special Employment Credit (SEC)

SEC incentives up to 11.5% in wage offset

Corporate Income Tax Rebate (CIT)

30% CIT extended till YA2017

Productivity and Innovation Credit (PIC)

PIC scheme extended till YA2018

Capability Development Grant (CDG)

The CDG’s enhanced funding support level of up to 70% of qualifying costs will also be extended for three more years to 31 March 2018.